Getting a HELOC on investment property - Maryland / VA

Getting a HELOC on investment property - Maryland / VA

Rental Property Investor · Northern Virginia · Member since 2020 · 10 posts · 2 votes

Hello!

I want to take out a HELOC on an investment property that is fully paid off. I've called a handful of banks already, but no luck yet.

Does anyone know a bank willing to do this in Northern VA, MD or DC area?

Thanks!!

0Reply
37 views

5 Replies

Jump to latestLatest
  • Rental Property Investor · Rockville, MD · Member since 2015 · 59 posts · 22 votes
    5y

    @Andrew A Sanchez

    Navy fed, pen fed, td bank if you have less than 4 properties

    Secu if you have more than 4.

    Expect to pay higher interest on the heloc

    Took me about 3 weeks to close.

  • Rental Property Investor · Baltimore, MD · Member since 2016 · 253 posts · 178 votes
    5y

    @Andrew A Sanchez Call Fulton Bank as well. They can go up to 75%

  • Rental Property Investor · Northern Virginia · Member since 2020 · 10 posts · 2 votes
    5y

    @Sovat C.

    Thanks man. Will call them tomorrow. Appreciate the help!

  • Rental Property Investor · Northern Virginia · Member since 2020 · 10 posts · 2 votes
    5y

    @Yannik Cudjoe-Virgil

    Thanks Yannik!!

    I’ll give them a call too. Appreciate it!

  • Rental Property Investor · Rockville, MD · Member since 2015 · 59 posts · 22 votes
    5y

    @Yannik Cudjoe-Virgil

    Do you have a contact at Fulton? I was also looking at them for loans.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.